Common use of Payment Grace Period Clause in Contracts

Payment Grace Period. The Borrower shall not have any grace period to pay any monetary amounts due under this Note. After the Maturity Date and during the pendency of an Event of Default, (as defined in Article IV) a default interest rate of twenty percent (20%) per annum shall be in effect.

Payment Grace Period. The Borrower shall not have any grace period to pay any monetary amounts due under this Note. After the Maturity Date and during the pendency of an Event of Default, (as defined in Article IV) a default interest rate of twenty fifteen percent (2015%) per annum shall be in effect.

Payment Grace Period. The Borrower shall not have any grace period to pay any monetary amounts due under this Note. After the Maturity Date and during the pendency of an Event of Default, (as defined in Article IV) a default interest rate of twenty fifteen percent (2015%) per annum shall be in effect.

Payment Grace Period. The Borrower shall not have any a grace period as to the Maturity Date. Failure to pay any monetary amounts due under this Note. After in full on the Maturity Date and during will trigger the pendency imposition of an Event of Default, (as defined in Article IV) a the default interest rate of twenty eighteen percent (2018%) per annum annum, which shall be in effectapply to the amounts owed but unpaid as of the Maturity Date.

Payment Grace Period. The Borrower shall not have any grace period to pay any monetary amounts due under this Note. After the Maturity Date and during the pendency of an Event of Default, Default (as defined described in Article IV) ), a default interest rate of twenty fifteen percent (2015%) per annum shall be in effect.